According to preliminary figures cited by the commerce ministry, the US has overtaken China as India's top trading partner in the fiscal year 2022–2023. The government claims that compared to 2021–2022, bilateral trade between India and the US grew by 7.65% to $128.55 billion in 2022–2023 from...

Referring to the recent bank failures, US Treasury Secretary Janet Yellen stated that banks are expected to become more cautious and may tighten lending even further, potentially avoiding the need for any Federal Reserve interest rate hikes.   According to a CNN transcript made...

According to Andrea Modena, head of Ferrari's historic car business, a Ferrari owner sold his 1962 250 GTO in 1977 when his wife complained that it was too noisy. She or the car had to go.   "Nowadays, I'm not sure the wife would have won out."   Indeed, times have changed. When the...

According to Kristalina Georgieva, head of the IMF, some nations could eventually lose up to 12% of their GDP as a result of the global economy fragmentation. Over time, fragmentation in commerce alone could cost as much as 7% of the world's GDP. Some nations could lose up to 12% of GDP if...

The surprising increase in China's exports in March was attributed to increased demand for electric vehicles, but analysts have warned that this gain may also be the result of suppliers filling orders that were left unfilled after last year's COVID-19 disruptions.   Exports increased 14.8%...

On Wednesday, US Treasury Secretary Janet Yellen will urge the World Bank to make more changes this year to improve its capacity to support developing nations in addressing global concerns like climate change.   On Wednesday, Yellen convened meetings with representatives from the world's...

The consumer inflation index (CPI) for China increased by 0.7 percent in March from a year earlier, which was the smallest gain since September 2021 and less than the 1 percent increase predicted by Reuters' poll of analysts. According to analysts, China's dramatic decrease in inflation is the...

According to a forecast by the International Monetary Fund (IMF), Venezuela will have the highest economic growth (5%) among Latin American nations in 2023. Paraguay (4.5%) will also have significant economic development this year, with Ecuador (2.9%), Peru (2.4%), Uruguay (2%), Mexico and Bolivia...

As demand remained consistently weak in March, China's consumer inflation fell to its lowest level in 18 months and factory-gate price decreases quickened, strengthening the case for officials to take additional measures to sustain the uneven economic recovery.   As the consumer and...